-PTI New Delhi: Chief Economic Advisor (CEA) Arvind Subramanian today took the line that the minimum support price on Foodgrains for farmers should not continue forever and there should be an "expiry date". "Minimum support price (MSP) originally came into being because we had a big problem of lack of self-sufficiency in Foodgrain production. It (MSP) was used as means of providing incentives to farmers. It has been successful. We no longer...

After facing intense criticisms from various sections of the society following its policy of demonetisation during November-December, 2016, the NDA government has finally something solid to cheer about. Riding on the back of a normal monsoon, gross Foodgrain production is likely to reach a record level of about 272.0 million tonnes in the crop year 2016-17. As per the second advance estimates of Foodgrain production, which has been released by...

-Livemint.com Repeated price shocks take the sheen off horticulture crops grown by small and marginal farmers New Delhi: In the past few years, horticulture crops emerged as a favourite for small growers across the country. 2016-17 marks the fifth straight year when production of fruits and vegetables is estimated to surpass that of Foodgrains. This signals a fundamental shift in India’s farm economy towards a growing share of horticulture crops, which now...

-The Financial Express Higher output of rice, wheat and pulses to soften retail prices Supported by normal monsoon last year and more than normal kharif and rabi sowing, the country’s Foodgrain production in 2016-17 crop year is estimated to increase by 8% from the previous year to record 272 million tonne (mt). According to the second advance estimates of production of major crops — rice, pulses, oilseeds, cotton and sugarcane for the crop...

-The Times of India NEW DELHI: Backed by good monsoon and advanced preparedness to reap the benefits of favourable conditions, India is likely to have an all-time record Foodgrain production (271.98 million tonnes) in the 2016-17 crop year - a scenario which may not only benefit farmers but also help in further bringing down the price of pulses that was sky-rocketed due to two consecutive drought years. Besides the production of pulses...